TECH - Stocks Set To Snap Worst Losing Streak In Nearly 2 Years Gold Sinks Bitcoin Reclaims $66000: What's Driving Markets Monday? | Benzinga
U.S. stocks are poised to break a six-day losing streak, marking the end of the longest downward trend since September 2022.
At noon trading in New York on Monday, major indices all traded higher, indicating modest gains, as investors prepare for a week jam-packed with pivotal earnings reports from major corporations, including Visa Inc. (NYSE:V), Tesla Inc. (NASDAQ:TSLA), Meta Platforms Inc. (NASDAQ:META), Microsoft Corp. (NYSE:MSFT), and Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG).
Easing geopolitical tensions in the Middle East bolstered market sentiment but exerted downward pressure on key global commodities.
Gold plunged 2.5% to $2,330 per ounce, marking its most significant single-day decline since June 2022, while silver tumbled 5%, poised for its worst daily performance since last October.
Oil prices were broadly steady, erasing early session losses, with the West Texas Intermediate (WTI) light crude trading at ...